I look at this, and what I view as unfair rate disparities brought about the lowering the rate for pass throughs vs wage earners, and the loss, or non loss of step up basis due to the estate tax exemption I alluded to earlier, I see a poorly thought out bill. I see little economic stimulus here, and virtually no tax simplification.
News from VA gov race via NR: “Ralph Northam says he would sign a bill banning sanctuary cities, yet he voted against the very same ban to settle a tie in the Virginia Senate”
CA provides a useful object lesson in what not to do imo.
I’m hearing these asshats are NOT going to make it retroactive. I mean Whiskey, Tango, Foxtrot.